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I dont see how you see soviet propoganda. I dont think that cryptos are not used for illegal activities . I know that they are and will be used by illegal activity but the wider perception is that cryptos are exclusively used by criminals while traditional banking is not, thats why I mentioned PayPal and how it is used.
Yes, it's Soviet propaganda.
Somebody accuses bitcoin of something and you start your argument with "but about the..."
It's called whataboutism and it relies on acting the other party rather than trying to defend a lost cause
And yeah, cryptos are used for illegal activities and only a blind zealot will deny this. Drugs, hacked accounts, stolen credit cards, banned porn, you can use cryptos to get those. Of course, you could also use fiat, or other methods of payment to get those but it doens't changes the thing that indeed cryptos are used for it, in a smaller percentage but still ...they are used.
So, why did you start immediately throwing the blame at paypal?
Nobody denies that indeed there are more illegalities committed via paypal and far more banks but that doesn't change anything.
The fact is that is a lot easier to pay some weirdo in Ph to do something nasty in front of the camera via cryptos rather than via PayPal, don't you think?
It was known from the start that this so pseudo anonymity of cryptos will attract the bad guys that will try to exploit it and w will have to live with it.
Knowing that somebody is buying illegal porn via
BTC hasn't stopped me from buying a laptop and a lot of computer parts, subscriptions and even an airplane ticket with
BTC.